Hello Everyone,
We told you it was going to be a busy week. How about today's profile?
It opened at .86 and it didn't hit 1.02, the high of the day until after noon. It was a huge 20%+ runner. Congrats!
Did we save the best for last?
I don't have the answer to that yet but I will say that this next one operates in several of the more exciting sectors being talked about right now, especially with the new administration and the plans to deregulate over the next 4 years. Currently over 75% of drones and components in the U.S. come from China. The next administration is talking heavy tariffs and bans on certain components coming from China.
The commercial drone marketplace is growing rapidly from $8.8bn in 2022, it is expected to reach over $82.5bn worldwide by 2032. This company operates in some of the fastest growing sectors like agriculture and defense.
The combination of groundbreaking technological progress, diverse applications, and economic potential makes the drone market highly exciting. It's poised to reshape industries, improve daily life, and create new opportunities, making it one of the most dynamic sectors in tech today. Whether it's about flying cars in cities or improving sustainability in agriculture, the possibilities feel limitless.
Pull up ZENA right now.
ZenaTech provides AI drone, Drone-as-a-Service, Quantum Computing, and SaaS-based enterprise software solutions that help businesses and government improve mission-critical operations. From drone solutions for smart farming or accessing medical supplies on the battlefield, to software applications used by law enforcement, field service technicians, and plant managers, the company's portfolio of subsidiary brands and patented products deliver innovation, automation, and cost savings.
The company's flagship product, the ZenaDrone 1000, is a medium size autonomous drone product incorporating AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial use.
Unlike traditional and manual control drones, , AI algorithms enable the drone to perform complex tasks independently, such as navigating through challenging environments and avoiding obstacles without human intervention. This capability is crucial in sectors like agriculture, where AI-powered drones can monitor crops and optimize resource use, leading to higher yields and reduced waste.
ZENA operates in seven offices for sales, manufacturing, R&D and aerial operations in North America, Europe, Taiwan and UAE, including many talented software developers, hardware and mechanical engineers. They are actively growing their global partner network.
Right now they have over 100 existing enterprise customers and recurring revenue from their branded software solutions used by government, law enforcement, and industrial customers, and leveraging synergies to integrate drones.
The company has developed a suite of patented ZenaDrone products they also manufacture that are being implemented across various inspection, tracking, surveillance, safety, security, and field service applications.
In December 2023, the company completed paid trials with both the US Air Force and US Naval Research using its drones for carrying critical cargo and recently signed a lease to open a Beyond Visual Line of Sight (BVLOS) drone testing facility in Turkey, which will serve as a product testing site for its ZenaDrone 1000 model drones designed for the US Defense Branches and NATO.
The company will test defense drone applications including ISRT (Intelligence, Surveillance, Reconnaissance, and Targeting), logistics and transportation, and other applications over wide distances beyond an operator's line of sight.
Securing defense contracts could be a major catalyst for the ZENA.
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